API3 and smart contract app Moonbeam bring off-chain data to Polkadot

API3 and smart contract app Moonbeam bring off-chain data to Polkadot

API3, a service provider of decentralized APIs (dAPIs), has declared integration with Moonbeam, the project that simplifies the system for Ethereum purposes to expand to the Polkadot blockchain ecosystem, building APIs simply available to multi-chain programs.

The Moonbeam system provides a full implementation of Ethereum on Substrate and makes it possible for Ethereum builders to deploy existing good contracts and dApp frontends to Moonbeam with small variations. Moonbeam rewards from lower gas prices than Ethereum, and the cross-chain features of Polkadot.

Aspect of API3’s vision is enabling builders to build dApps that mimic the loaded purpose of World wide web 2. applications. The majority of applications that people today use only exist since of their capacity obtain to a massive range of APIs. Featuring resources other than rate info is important to enabling this on World wide web 3., as aspect of the integration, API3 will be able to provide dApp developers on Moonbeam obtain to the whole library of Airnode-enabled APIs.

“The foreseeable future is multi-chain and Moonbeam is a good way for EVM dApps to get there. We’re thrilled to deliver the API3 ecosystem to applications jogging on Moonbeam.”– Heikki Vänttinen, Co-Founder of API3

This integration also represents the initial stage on the route to deploying dAPIs (information feeds) to Moonbeam, to create dApps with actually quantifiably secured, DAO-aggregated facts. Simplifying the developer encounter, Moonbeam combines full Ethereum compatibility with the electrical power of Polkadot, including scalability, cross-chain integrations, and on-chain governance.


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